CINCINNATI, June 24, 2021 /PRNewswire/ -- P&G
Ventures, the early stage startup studio within P&G (NYSE:PG),
has announced the four finalists in its latest Innovation
Challenge, which will be held online on Wednesday, July 14 at 1pm
ET.
These four finalists were chosen from a competitive pool of
applicants whose products are solving consumer pain points in
categories such as active aging, safe and effective germ
protection, non-toxic home and garden, as well as other consumer
packaged goods spaces where P&G doesn't currently compete.
The finalists will pitch their businesses to a panel of expert
judges who will determine the winner. The panel includes
Alex Betancourt, Vice President,
P&G Ventures; Anu Duggal, Founding Partner, Female Founders
Fund; Mike Jensen, Senior Vice
President of Research & Development, P&G Ventures;
Michael Olmstead, Chief Revenue
Officer, Plug and Play; and Clarence
Wooten, Co-founder and General Partner, Revitalize Venture
Studio.
The winner will receive a $10,000
prize and the opportunity to continue developing their product with
P&G Ventures.
The 2021 P&G Ventures Innovation Challenge finalists
are:
- NanoSpun Technologies, based in Los
Altos, CA and represented by Founder & CEO Ohad Bendror (Bendas), develops and produces
disruptive, first-of-its-kind, live-active biological tissues for
skincare, medical and industrial applications.
- One Skin, based in San Francisco,
CA and represented by Co-Founder Juliana Carvalho, is the first topical
supplement designed to extend your skin's lifespan on a molecular
level, improving skin health and strength, giving users youthful
skin for longer.
- Ready, Set, Food!, based in Los
Angeles, CA and represented by CEO & Co-Founder
Daniel Zakowski, is a
ground-breaking solution to early allergen introduction, making it
easy for families to follow new food allergy prevention medical
guidelines.
- Wellesley Pharmaceuticals, based in Newtown Grant, PA and represented by CEO &
President David Dill, designed
Nocturol™ – a pill designed to provide 8 hours of protection
for those who suffer from frequent bathroom trips overnight.
Bill Birgen, winner of P&G
Ventures' Innovation Challenge held in January 2021 during CES, said, "Being selected as
a finalist by P&G Ventures gave the SAVRpak team access to some
great P&G resources, specifically with regards to
sustainability. Winning the P&G Ventures competition brought
with it another level of validation and credibility."
Birgen and his cohort of finalists are the most recent additions
to the P&G Ventures Innovation Challenge alumni group— more
than a dozen previous winners and finalists who receive access to
ongoing training, support and resources from P&G Ventures.
For more information about how to tune in and watch the
challenge on July 14 from
1:00-2:30 PM ET, please visit
ventureschallenge.com and register on Eventbrite. To stay
up-to-date on all Innovation Challenge timing and news, follow
P&G Ventures on LinkedIn and Twitter.
About P&G Ventures
Established in 2015, P&G
Ventures partners with entrepreneurs, inventors, and startups to
discover and create consumer products, brands, and businesses that
solve consumer needs in areas new to P&G. Each P&G Ventures
partnership is unique, providing funding and access to P&G's
experts, resources, and capabilities to help partners prove their
technology and create their brand.
About Procter and Gamble
P&G serves consumers
around the world with one of the strongest portfolios of trusted,
quality, leadership brands, including Always®, Ambi Pur®, Ariel®,
Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®,
Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®,
Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G
community includes operations in approximately 70 countries
worldwide. Please visit http://www.pg.com for the latest news and
information about P&G and its brands.
Media Contact:
Jennifer
Byrne, byrne.jr@pg.com
Taylor Anderson,
pgventures@bulleitgroup.com
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SOURCE Procter & Gamble